The Swiss National Bank (SNB) is the central bank of Switzerland. Established in 1907, it serves as the country's monetary authority and is responsible for formulating and implementing monetary policy. The SNB is an independent institution with its headquarters in Zurich and additional offices in Bern and Geneva.

The primary objectives of the Swiss National Bank are to ensure price stability and contribute to the overall economic stability of Switzerland. It achieves this by controlling inflation rates and maintaining a stable currency value. The SNB also oversees the country's financial system, regulates banks, and manages foreign exchange reserves.

In addition to its domestic functions, the SNB plays a significant role in international financial markets. It actively participates in foreign exchange markets to manage the Swiss franc's exchange rate and maintain price stability.

The Swiss National Bank's decisions and actions have far-reaching implications not only for the Swiss economy but also for global financial markets due to Switzerland's position as a major financial hub.